BitcoinLong
BTC/USD - Important Times - Market Structure Still Intact
What's up everyone. I have been pretty inactive on TradingView and super active on Twitter - I Just feel the ease of typing and convenience Twitter has is huge. So go follow me @AlpoCrypto
BTC/USD - Im going to keep this really simple for everyone so you can get a clear picture. The Daily's overall market structure is still good, still creating Higher Highs & Higher Lows.
On the 4 hour we have had a change in Market Structure but I feel this is a good retest of the previous breakout which is healthy. A retest of $6,800 is great in my opinion, until we break below $6,800 and close on a daily candle below that level I am bullish short/mid term.
What we are looking for here is a huge volume candle followed by a succession of higher highs and higher lows to continue this small bullish run.
Do not talk to me about ETF as I don't really trade fundamentals and I couldn't give a shit. The market wants to see what it wants to see. We could definitely go lower, $4,500 region is not out of the question. However I am bullish at the moment and this drop lines up perfectly with a .50 fibonacci level. I think the bulls will defend this hard and a lot of leveraged money will come to play.
- Alpo
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